financial sector reforms
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Answer:
the financial sector reforms refered to the steps taken to reform the banking system, capital markets, government debt market etc. ....
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Answer: The financial sector consists of financial institutions like commercial banks, investment banks, stock exchange operations and foreign exchange market. The financial sector in India is regulated by the Reserve Bank of India. The RBI decides the amount of money that the banks can keep with themselves, fixes interest rates, nature of lending to various sectors, etc. The major objective of financial sector reforms is to reduce the role of RBI from regulator to facilitator of financial sector. That means, the financial sector ma be allowed to take decisions on many matters independent of RBI.